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the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip his campaign with a visit to ohio and other swing states and criticized his opponents economic policies. he said romney would only increase the gap between rich and moor. romney voted in belmont, massachusetts.
. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenger, but once the result was clear, his first message to the american people was one of unity. >> it does not matter who you are or where you come from or what you look like or where you love. it does not matter weather you are black or white or hispanic or asian or native american or young or old or rich or poor, able, disabled, gay or straight, you can make it here in america. [applause] these -- >> these are the kin
of sandy play out? >> it will play out good for president obama. in a time of disaster, the only elected officials who have opportunity to perform our governors, mayors, with the president. all the senators and members of congress are dying to get on camera. chuck schumer is the only one i know who did. this is a real job. the president handled himself well and showed himself to be compassionate, as governor christie said, and christy "endorsement" of the president is nothing but a plus. >> nina? >> you really have to notice here that president clinton built up fema, the bush administration took it apart and then paid the price after katrina, and this president put it back up again and what not political people in, and it is paying off this week, it really is paying off. >> colby? >> it also draws a sharp contrast between the two candidates. here you have president obama citing fema as the vehicle to coordinate the federal effort, and you had mitt romney last year on the campaign saying he would get rid of fema, he would turn the responsibilities back to the states, showing no appreciati
decides weather barack obama gets a second term or weather his republican challenger mitt romney will move into the white house. >> a 48-hour and that-is there a strike cripple's greece and brings hundreds of thousands on to the streets. >> in champions league soccer action, dorfman wins -- dortmund beats real madrid. voting is now under way across the u.s. as americans decide who will lead the country for the next four years. after vigorous campaigning right to the last minute and aggressive advertising that made it the most expensive campaign of all time, president barack obama and his challenger mitt romney both into the election day confident of victory. >> but most election polls say the race for the white house is too close to call, meaning the result will be decided in a small number of so-called swing states by florida, ohio, virginia, and new hampshire, which was the first to vote on the stroke of midnight. >> voting began early in this part of new hampshire. the first ballot such traditionally cast here at midnight, and after the first 10 were tallied, it was a drop -- draw. >> f
obama and his republican challenger on the final stance of the campaign, promising to get the country out of its economic slump. >> the election could come down to a handful of battle-ground states. making final pitches to u.s. voters. >> mitt romney began his last day of campaigning in stamford, florida. in 2008, florida voted for obama. but he hasn't kept his promises, says romney. unemployment and the national debt are higher than ever before. >> one day away from the first day of a new beginning. my conviction of better days are ahead. it is not based on promises or rhetoric. it is based on solid plans and proven results and an unshakable faith in the american people. >> we made a promise. >> bruce springsteen threw his weight behind obama, accompanying the president on his final day of campaigning. if in wisconsin, obama reminded voters of his foreign policy achievements of the first term. >> because of the service and a sacrifice of our brave men and women in uniform, the war in iraq is over. the war in a afghanistan's coming to a close. al qaeda is on the path to defeat. osama
obama is back in the white house, democrats are back in control of the senate, and republicans are back running the house. that's what prevailed before americans voted, when deadlock reigned in washington, little got done, and the country was frustrated and angry. are we in for more of the same? the talk we are hearing in washington sounds altogether too familiar. so let's consider what's ahead with two people of different philosophies about what should be done. bob herbert was a long-time liberal columnist for "the new york times" until he retired last year and became a distinguished senior fellow for the national think tank demos. he's been on the road for months now, reporting for his forthcoming book, "wounded colossus." reihan salam writes "the agenda," that's a daily blog for the conservative national review online. he is a policy advisor at the think tank economics 21 and a columnist for reuters. he is also the co-author with ross douthat of the much talked-about book, "grand new party: how republicans can win the working class and save the american dream." welcome to both of you
for this hour. i'll leave you with a recap of the markets. >>> u.s. president barack obama would be speaking to crowd after crowd in swing states if it hadn't been for the storm. he has less than a week to convince undecided voters. most americans have already examined his record over the past four years. he started his term with a sentiment offered by many of those who came before him. >> that america can change. our union can be perfected. >> many americans have grown tired of what their country had come to represent under george w. bush. obama promised change at home and abroad. he brought an end to the war in iraq. he said u.s. combat forces would pull out of afghanistan by the end of 2014. and he promised to decimate al qaeda. >> after a fire fight they killed osama bin laden and took custody of his body. we can say to those families who have lost loved ones to al qaeda's terror, justice has been done. >> but some argue obama has not met expectations in the middle east. he's faced persistent trouble with a dominant player in the region, iran. he has focused foreign policy to make it mor
-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really concerned about tax and spending issues and that's going to be a major focus going forward. government spending cults and tax hikes are set to go into effect at the end of the year. the so-called fiscal cliff. investors worry obama will be unable to resolve the crisis with the house of representatives still controlled by the republicans. the key index on the new york stock exchange fell sharply when markets reopened after the election. the dow jones industrial average at one point lost over 360 points. the index finished the day at 12,932, down 2.3% from the previous day's close. new york stocks dliped from the start as investor concerns shifted to how obama will address the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day for wall street. >> i don't think it's for the best of the country. i had a good feeling that romney was goin
. >>> southeast asia is the destination of u.s. president barack obama's first official trip since the election. the white house announced on thursday that president obama will visit southeast asia from november 17th to the 20th. the itinerary includes stops in thailand, cambodia, and myanmar, making him the first u.s. president to visit the formerly reclusive country. nhk world's jun kobayashi has more. >> reporter: just a few years ago, a visit by a u.s. president to myanmar was unthinkable. but that is changing as the former military regime continues reforms following years of isolation. now president obama is set to make a landmark trip to the country, following up on the u.s. secretary of state hillary clinton's visit last year. president obama plans to meet with president thein sein and opposition leader aung san suu kyi. the government of myanmar is bolstering democratization and economic reforms. obama's visit could be seen as a sign of approval of the efforts. but he is also expected to encourage politicians to do more to achieve their goals. the u.s. president is also scheduled to att
to the news. american voters have chosen barack obama as their leader for another four years. asian heads of state were quick to offer their congratulations, but the u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region. prime minister julia gillard pledged cooperations during president obama's second term. >> i'd like to we
with the re-election of barack obama. those in afghanistan and pakistan may not have cheered his victory. obama will oversea the withdrawal of u.s. combat troops from afghanistan by the end of 2014. that's a number of challenges in the region. >> reporter: afghanistan and pakistan are affected by the fights. about 100,000 american troops were stationed in afghanistan. the number has fallen to less than 70,000 and further reductions are planned. others worry the withdrawal could plunge the country back into unstable world. dialogue between the united states and taliban were suspended earlier this year. during the election campaign obama distanced himself from the issue to avoid being branded weak on terrorism. with the election behind him the president may become more flexible. here in pakistan relations with washington are expected to remain tense. the two sides differ over how to handle elements of al qaeda and other militants hiding in remote areas of pakistan near the afghanistan border. the obama administration has said they're not doing enough to comfort terrorists operationing on p
endorsed barack obama for re-election, just take another look at the widespread havoc caused by the frankenstorm benignly named sandy. having surveyed all this damage "bloomberg business week" concluded: "it's global warming, stupid: if hurricane sandy doesn't persuade americans to get serious about climate change, nothing will." well it was enough to prompt president obama, at his press conference this week, to say more about global warming than he did all year. >> i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions. and as a consequence, i think we've got an obligation to future generations to do something about it. >> but he made it clear that actually doing something about it will take a back seat to the economy for now. he did return to new york on thursday to review the recovery effort on staten island. climate change and hurricane sandy brought naomi klein to town, too. you may know her as the author of "the shock doctrine: the rise of disaster capitalism." readers of two influential magazines to put naomi klein
barack obama has arrived in new jersey to tour the devastation left in the wake of super storm sandy. >> obama was joined by new jersey governor chris christie, who is republican, but christie has praised the way the president has handled the crisis. they viewed storm damage by helicopter. obama will also be meeting with residents and emergency workers. >> cleanup work is in full swing on the east coast after sandy flooded cities, washed out bridges, and caused billions of dollars in damage. >> but new york city is making it clear it is back in business. mayor michael bloomberg rate in the opening bell at the new york stock exchange, which was closed for two days. >> the storm killed over 40 people on the east coast and caused unprecedented damage. >> life is slowly returning to normal in new york. on wall street, major stock their first two-day closure ine- over a century. emergency generators provided the power. most of lower manhattan is still in the dark. an unusual event in the city that never sleeps. >> you look uptown, and you see lights. you look downtown and it is completely
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you heard from republicans -- it is like mitch mcconnell who said his job was to see that obama is never reelected. so, he has an edge year. he does have leverage. but it will be a long haul. he does need partners. >> rich mcconnell is on record as saying that -- mitch mcconnell is on the record as saying that he knows that the election makes some people think that the republicans are going to roll over. that does not sound like compromise. >> your definition of compromise is rolling over and excepting higher tax rates. that is the democratic definition of compromise. i would never suggest bias. the president ran -- i will say it -- the most negative campaign. he did not run on his record. he could not. he did not run on a program. there is one thing he got a mandate for, and he now has a mandate to raise the top tax rate on two percent of the population by four. ? that is the smallest mandate in american history. >> can i say something? >> no, not until i am done. this is true. i am not going to get into this for meridian -- >what the republicans will agree to come up brainer c
of negotiations with north korea. >>> u.s. president barack obama arrives in southeast asia on sunday for a tour that's causing controversy before it has even begun. patchari raksawong in bangkok has the story. >>> president obama will visit thailand, myanmar, and cambodia on his first overseas trip since winning re-election earlier this month. now, myanmar is the destination that's making some observers unhappy. human rights groups say it's just too soon and the country's small steps towards democracy don't yet deserve a visit from the president of the united states. obama's national security adviser, tom donilon, defended the trip. he says it will advance the cause of reform in myanmar. >> the president's visit this time reflects his conviction that engagement is the best way to encourage burmese authorities to further action. >> human rights groups oppose the visit. they say the former pariah state has not achieved true democratic reform and ethnic minorities continue to face persecution. obama will meet his counterpart thein sein. donilon stressed obama will raise the issue of violence with
obama becomes a first- inning president to visit burma. but >> lewis hamilton wins the u.s. grand prix. >> ban ki moon has arrived in cairo in support of the cease- fire between israel and hamas. >> the exiled leader of hamas says they must take the first up a bit want the truce in israel. they will consider a cease-fire in israel and their attacks and the siege of gaza. >> israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. >> the bombardment of gaza continues. israeli defense forces are picking targets they say it are connected to palestinian militants. the billionaire also among the latest casualties. across the border in israel, ground troops are massing in preparations for a possible invasion. israel has no mobilize and 40,000 reservists. elsewhere, diplomats are attempting to broker a ceasefire. in jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. >> it is clear we do not have any ambition to gain an advantage but we just want to stop the fire. >> more than 1000 rockets have be
the final stretch. bo president obama and his challenger mitt romney will be spending the final days of their campaigns in swing states like wisconsin, ohio, and virginia. >> one big issue in the election has been struggling u.s. economy, but latest jobs numbers released today show some slight improvement in the number of people out of work in october. >> the pace of recovery is slow, but it is sure to be news that both campaigns will be spending in their bid for the white house. >> ohio is the latest stop on the campaign trail. it is a key swing state with a history of voting for the overall winner. that is why barack obama was in the state capital columbus on friday. he's hoping the latest labor market numbers will give him a boost. employment rose slightly. >> the company has hired more workers in october than at any time in the last eight months. >> said the president thinks things are improving, but his challenger mitt romney says the economy is stagnating. at a rally in wisconsin, he also accused obama of failing to fulfill his promises. >> candidate obama promised change, but
tightening. >>> president barack obama and mitt romney are making their final pitches before americans head to the polls. obama visited three swing states. he told a crowd in wisconsin that romney would resurrect the republican policies of four years ago and preserve tax cuts for the wealthy. >> it's a choice between returning to the top down policies that crashed our economy or a future that's built on providing opportunity to everybody and growing a strong middle class. >> romney also campaigned in swing states. he told an audience in florida that obama had failed to deliver on promises to reduce the economic burden on americans. >> tomorrow we begin a new tomorrow. tomorrow we begin a better tomorrow. this nation is going to begin to change for the better tomorrow. >> the latest poll from abc news and the washington post suggests 50% of likely voters will cast their ballots for obama. 47% for romney. polls indicate a close race in eight states. some suggest the candidates are running even. others give obama a narrow lead. >> the economy is what i think is number one. >> health care. >> n
-- is not a biographer to come on, colby. >> is the obama administration guilty of a cover-up in the benghazi attack? >> i think she knew better, and if she did no better, she should not be the voice of america. . >> for them to go after the u.n. ambassador, who had nothing to do with benghazi, and was simply making a presentation based on intelligence she had received, and to besmirch her reputation, is outrageous. >> they're talking about our u.n. ambassador, who could be the president's nominee to be secretary of state. this is about her appearance on talk shows on september 16 following the september 11 attacks in benghazi. charles krauthammer, our friend here, who is off this week -- i think he is in miami traveling -- has been hammering away at this for weeks but he said that it was a funny cover story in the run-up to the election. what do we know about this? .> we don't know yet maybe the intelligence committees have some notion, but we really don't know yet. they are still conducting the investigation within the state department. it seems like there were 85 things going on at once. i am not
facts are determined. >> and white house spokesman says president barack obama was surprised by the petraeus revelations -- a white house spokesman said. they come just as the administration heads into its second term. >> for more on this developing story, we are joined by our washington correspondent. how serious are the allegations against general allan? what sort of wrongdoing is the alleged to have been involved in? >> it is very serious. there were -- there is an investigation going on. there were some 30,000 pages of e-mails between the top commander in afghanistan and this lady in florida, mrs. kelly, and you really do not know exactly what is in those e- mails, but according to the american media, they say that there is -- that those are inappropriate communication. just a couple of minutes ago, he said that there was no affair. nevertheless, there was a plan that general allan would become the new supreme -- the nato supreme allied commander in europe, and i think this is not going to happen -- that general allen would become the new nato supreme allied commander. >>
.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the house of representatives. obama on wednesday held his first news conference since re-election. he expressed strong concern about expiring tax cuts and automatic spending cuts referred to as the fiscal cliff. unless lawmakers can agree by the end of this year to extend the tax cuts for middle class, the economy could plummet. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on, and that's to keep middle class taxes lower. >> obama stressed the u.s. cannot afford to extend tax cuts for the wealthiest 2% of the population if it wants to reduce the country's mounting deficit. obama asked for cooperation from republicans. he said he is open to compromise and open to new ideas that could bring about a rise in tax revenues. >>> let's check on the markets. first, looking at currencies. just having a look at the dollar similar yen at 80.19-21. that's due to uncert
in part by politico.com. >> president obama asked me to come to israel with a very clear message, america's commitment to israel's security is rock solid and unwavering. >> this week on "inside washington" hillary clinton is on the case. >> i want to welcome secretary clinton once again to jerusalem. >> back home, racing toward the fiscal cliff. >> to show our seriousness, which would revenue on the table. >> presidential politics. >> forget about it. >> he is smart and the kind of leader we need for future of our country. >> it really is the nation's laws, losing david patraeus. >> personally, this is a heartbreak. >> full disclosure, we are putting this program together the day before thanksgiving and we come to you with the fervent hope that events will not overcome us. on this day, or families come first, like yours. let's start with the bloody conflict between israel and hamas in the middle east. israel's critics say they're doing more than defending themselves. there was a meeting to come up with a diplomatic solution. >> the goal must be a durable outcome that advances the security
send the united states back into recession. >> barack obama back at work after his election reached out with republicans today saying he wants to reach a solution but only f the ridges are asked to give more. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenge, but i refuse to accept any approach that is not balanced. i'm not going to ask students and seniors, middle-class families, to pay down the entire deficit while people like me, making over $250,000, are not asked to pay one dime more in taxes. i'm not going to do that. "the very clear word from the newly elected president. what do you think? you have the president inviting congress to the white house next week. is this going to be the meeting where we avoid the fiscal cliff? >> i don't think so. i think republicans and democrats are going to come together to the white house and they will begin their negotiations. this will take a while. it will take a few weeks. democrats and republicans are determined to avoid the fiscal cliff and they both know how important it is. if they do not find
the obama administration, that has the reputation of being more israel- unfriendly than previous administrations in a very israel-friendly country, especially obama, who does not have the best of relationships with benjamin netanyahu, the israeli prime minister. they had to do this publicly. of course, they say that it is for different reasons. they say the only way to a palestinian state it is through direct negotiations. we all know that has not worked in the past years, especially the obama administration. the administration has failed, actually, to do anything for the peace process, and some are hoping it might change with the new administration. secretary clinton is leaving, and there are hopes that may be things will pick up again with her successor. >> thanks for the update. >> now for the view from jerusalem, let's cross over to our correspondent who is standing by for us there. the israeli prime minister has condemned the palestinian move. can you tell us more about how israel views this? >> i think israel is concerned that through this upgrade, palestinians could challe
to their interest. barack obama is spending the day at the summit. he will meet with japanese prime minister. they are expecting to focus on a dispute over the islands in the east china sea. obama is expected to push for a peaceful resolution in line with international law. >>> japan's prime minister has praised myanmar's rapid reforms. he's offered a development loan worth $600 million. noda met the president on the sidelines. he said myanmar has made steady progress in political reform. he promises to support the country's economic development. >> translator: japan's public and private sectors will both back myanmar's reform effort. >> it will be the first loan in almost 26 years. they will use it to refurbish a power plant. they plan to invest in the commercial economic zone. japan's government will extend the loans in february of next year. they promise to make the country more attractive to foreign investors. >>> expecters in japan are hoping they will be able to shift more of their products to neighboring countries. exporters need any help they can get. >> not only that they are strugg
responsibility if the cease-fire is broken. >>> u.s. president barack obama welcomed the truce. he told netanyahu the u.s. would use the opportunity to accept israel address its security needs, including the smuggling of weapons and explosives into gaza. obama also spoke with president morsi and thanked him for his leadership in the negotiations. they agreed on the importance of working toward a more durable solution to the situation in gaza. >>> greek leaders are wringing their hands as they wait to find out whether they'll get loans they need to cover their expenses. ai uchida joins us from the business team. the greeks seem to face one drama after another, what now? >> all they can do at the moment is wait for the next act to begin. decisions keep getting postponed so the prime minister of greece strongly urged the early provision of additional bailout. the appeal was made after eurozone finance ministers failed again to reach a deal. finance ministers from the 17 eurozone countries gathered in bus zells earlier this week to discuss the extra rescue funds of 31.5 billion euros for greece. howe
a possible plan by president barack obama to nominate rice as secretary of state to replace hillary clinton. they say she's not qualified or fit for the job. obama criticized the republicans last week. he called their attacks on rice outrageous. >>> south koreans will soon learn who will be in the running to become their next president. registration of candidates starts on sunday, kicking off election campaigning. three hopefuls have already said they're ready for the job. the ruling party is ahead in the opinion polls. pak is a daughter of former president. she's aiming to be the country's to be the first woman president. moon was a close aide to the late president. an independent contender. awning is a software entrepreneur who gained fame for his anti-virus programs. some call him the bill gates of south korea. representatives of moon and aung have been talking about joining forces. they held their first and only debate on wednesday to decide who should go up against pak. >> translator: i think i'm the best prepared candidate for those who want to run for president because of my experien
country is ready to do what it takes to defend its people. u.s. president barack obama spoke with netanyahu. they agree they need to stop attacks. morsi says the israelis must realize their aggression will only lead to instability in the region. iran has condemned israel's military assault on the gaza strip. the iranian foreign minister had to convince israel to stop its military aggression. >>> another round of talks on iran's nuclear program is about to resume. negotiators will meet in brussels next week in their latest attempt to move the discussions forward. negotiations between the six nations and iran have been suspended since they last met in june in moscow. the two sides have failed to make any significant progress on the issue. they are demanding iran halt its program. it's concern that the end product could be used to develop nuclear weapons. foreign policy chief kathryn ashton and negotiators of the six countries will discuss a new nuclear proposal for iran. >>> the company responsible for the massive gulf of mexico oil spill is facing the largest criminal fine in
the final race for the white house. president barack obama and republican presidential candidate governor mitt romney are in their final push to sway voters and get out the vote. the candidates are focusing on the crucial battleground states and those undecided voters. >> this is an election about big things, about big choices. and that's why in november we're going to elect a person and a team and a people who are gonna come together to bring real change and big change to america. [ cheers and applause ] >> we imagine a better america, and then we work hard to make it happen. that's who we are. that's why i'm asking for your vote. and if you give me your vote, i promise you, you will always have a president who hears your voices. >> in the meantime, sandy unleashed her wrath of fury along the east coast after killing at least 66 people in the caribbean. the monster storm packed hurricane-strength winds, torrential rain, and caused massive damage as it ripped through north carolina, delaware, and up the seaboard through the new york city area. also, microsoft launching its new windows 8 o
resistance. >> on to other news. a week after america elected barack obama for another four years, china is going through its own political transition, and it certainly could not be more different. >> instead of a messy, unpredictable election campaign, this one is a carefully planned handover from one generation to the next, and it does seem to be going to plan. >> today, the new leader of the election committee will be appointed, and from there, he will soon will power as china's next president. >> everything on the closing day was perfectly choreographed to give the impression of harmony, including the voting and the applause. there was not much to argue about anyway. most of the key personnel changes had been cleared in advance of the congress. the vice president wascted to the central committee. he takes over as party chief. in march, he will succeed hu jintao as party president. >> we should free up our minds and implement reform policies. we must pool our strengths, overcome difficulties, and move forward all along the path of chinese-style socialism. >> the vice premier also join
as a goodwill gesture ahead of a visit by u.s. president barack obama. >> opposition have criticized the embassy, saying it applies mainly to common criminals and does not appear to include political prisoners. at least 330 people lost about to be in jail for political reasons. after almost five decades of repressive army rule, the burmese government has said freedom for political prisoners would be a centerpiece of its reforms. it is official -- the eurozone is back in recession. >> new figures show the eurozon+ economy shrank by 0.1%, the second consecutive drop in output. >> there was some positive news, though -- germany's economy weakened less than many had feared. like france, it just managed to eke out some growth. >> elsewhere in the picture, it was anything but rosy. >> people in southern europe have struggled with years of the zero economic growth -- spain, italy, portugal, and greece have seen rising unemployment and chronic budget shortfalls, but now, economic growth is also slowing in northern europe's industrial economies. in europe's biggest economy, germany, third quarter gdp gro
. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight month. exports plunged due to a slowdown in the global economy and tensions over disputed islands with china. finance ministry officials released preliminary figures shortly before the financial markets opened. last month's deficit came to about $6.7 billion. exports fell by 6.5% from a year earlier. that's in yen terms. japan's exports have fallen for five months in a row. cars and steal led the drop last month. imports also fell by 1.6% from a year earlier. now, by destination europe tumbled by 20% as the region's debt crisis continues to dampen demand. exports to china fell by over 11.5% and anti-japan sentiment dented dema
u.s. president barack obama and a top republican in congress hinted they were optimistic about a deal over the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether to approve the start of negotiations with japan
there are no american troops serving in iraq. president obama also taking time to honor those who serve. >> we take care of our own. we take care of our veterans. we take care of your families not just by saluting you on one day once a year but by fighting for you and your families every day of every year. that's our obligation. a sacred obligation to all of you. >> for "teen kids news," i'm david lee miller, "fox news channel in the classroom." >> one school turned a ton of garbage into a moneymaker. the project all started in the school cafeteria. stephanie has the story. >> the trash cans at the anne hutchinson school were once overflowing with all types of garbage. >> we noticed kids walking up to the garbage cans, dumping their chocolate milk in the garbage can, throwing the carton out, throwing all foods, all soft plastics -- everything was going in the garbage. >> not only was it wasteful, it was ending up in already-overcrowded landfills. and adding insult to injury, all that garbage was costing the school a lot of money to take away. then students heard that recycling could greatly reduce their
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